Press Archives - Page 3 of 5 - Alibra Shipping Limited Shipbrokers

Why real estate, not Covid, might decide capesize market’s fate in 2023

“China is indeed under pressure to ease Covid-19 restrictions, but the country is not loosening them, despite wide reports to the contrary, because people there are still working from home due to vast outbreaks of the virus,” said Giuseppe Rosano, founder of UK broking house Alibra Shipping.

“Chinese Year new is also around the corner, and we do not expect any change in the market until the middle to the end of the first quarter of 2023 when we can see some uptick in some normalisation,” he told TradeWinds.

December 28, 2022

Capesize bulker market reaches two-month high

Broker says upward trend will not last as Covid-19 is ‘out of control’ across China

Giuseppe Rosano, founder of UK broking house Alibra Shipping, told TradeWinds: “Covid in China is out of control and they are keeping things as quiet as possible.”

“I have friends living there and painting a very different picture. Staff are all working from home and everything is slow.” said Rosano.

December 17, 2022

Dry bulk market faces uncertainty as China considers zero-Covid policy

One shipbroker is not so sure that China will ease the zero-Covid policy.

“They will crack down,” UK-based Alibra Shipping founder Giuseppe Rosano told TradeWinds.

He said an executive in China has told him that the country is still on lockdown.

“This will put further pressure on the delay of any rebound however when it does rebound, it will rebound in a greater sense,” he said.

December 5, 2022

Rate for benchmark capesize bulker route for Brazilian iron ore falls 19% in a week

One broker welcomed this past week’s relatively calm market across dry bulk shipping, excluding the major spot rate decline for the Brazil-to-China roundtrip voyage for capesizes.

“That’s how we like it, as too much volatility makes things uncontrollable,” said Giuseppe Rosano, founder of UK broking house Alibra Shipping.

“That said, the smaller sized handies and supras are higher than capes, hence it’s still very firm.”

October 27, 2022

Capesize bulker market surges 13.8% in a day despite China’s Golden Week

“This is a little unexpected since a lot of the Far East is on holiday,” Alibra Shipping founder Giuseppe Rosano told TradeWinds.

But the market may be benefitting from Russia sanctions adding tonne-miles to bulker trade routes and China implementing stimulus measures to get the economy moving again, he said.

“Hence we are now seeing the stimulus measure coming into fruition,” said Rosano, whose firm is a UK broking house.

October 12, 2022

Indonesian port congestion boosting panamax bulker market

“The higher demand for energy worldwide has certainly caused a rise in panamax rates,” said Giuseppe Rosano, founder of UK broking house Alibra Shipping.

“Not to mention the grain season around the corner in South America.” he told TradeWinds. “Remember the market’s move many times with just sentiments or no reason whatsoever.”

September 15, 2022

‘A gentleman like no other’: Italian tanker player Nicola Bonetti dies

Alibra Shipping Broker pays tribute to former d’Amico, Premuda and Enel executive

Alibra founder and director Giuseppe Rosano told TradeWinds that his friend and colleague had been battling illness over the past couple of years.

He described Bonetti as “prolific and extremely well known in the tanker industry for over 40 years”.

“He was best known as an owner’s representative within the Italian community, a gentleman like no other,” Rosano said.

September 9, 2022

Slumping capesize market expected to improve, barring collapse in China’s economy

EU ban on Russian coal should help rates by increasing tonne-mile demand

“The capesize market ‘will suffer some more’ as China’s economic struggles continue and the typical summer lull for dry bulk shipping persists, but the EU’s new ban on Russian coal should help it recover,” broker Giuseppe Rosano said.

August 25, 2022

PRESS